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51 W Somerset Street

Raritan Boro, NJ 08869
  • $175,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: 3793110
UPDATED: 60 min ago
$175,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,100
    SQFT
  • $159
    $/SQFT
Type:
Business Opportunity
County:
Area:

School Ratings & Info

Description

DREAMING OF OPENING YOUR OWN BUSINESS WITH AS LITTLE RISK AS POSSIBLE? I MAY HAVE JUST THE PLACE!! Turnkey, fully equipped, long-standing take-out restaurant in the heart of Somerset County is currently for sale. This business has been a staple in the community for 40 plus years and comes with a loyal customer base. Currently offering sandwiches, salads, entrees, etc, along with a large amount of catering. The business has a stable revenue base and enjoys a high profit margin. This is the perfect combination of turnkey with a ton of potential for new owners to put their own spin. Current owners are looking to retire and have cut back the hours over the years, new owners can expand this to include later hours, weekends and delivery, increasing revenue almost immediately. All equipment will be included in the sale, along with the business name, customer lists, and any inventory left at closing. There is a small building in the back, used for refrigeration and dry storage, a small parking lot used for employees. There is an existing agreement with the neighboring business to use their parking lot, plus on street. This perfect for a someone that has been looking to get into business for themselves, looking to expand their current business, or even an operating full-service restaurant wanting to offer a cafe/market style outlet. New lease to be negotiated, rent listed is estimate, current owner owns the building. Option to buy business and building see MLS#3793117

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Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or PORTERPLUS REALTY. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than PORTERPLUS REALTY are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-08-15T08:46:33.237.
www.porterplusrealty.com/homes/130477637
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51 W Somerset Street Raritan Boro, NJ 08869

  • Price: $175,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 60 min ago
  • MLS #: 3793110
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1,100
SQFT
$159
$/SQFT
County:
Somerset
Area:
Raritan Boro
Property Description
DREAMING OF OPENING YOUR OWN BUSINESS WITH AS LITTLE RISK AS POSSIBLE? I MAY HAVE JUST THE PLACE!! Turnkey, fully equipped, long-standing take-out restaurant in the heart of Somerset County is currently for sale. This business has been a staple in the community for 40 plus years and comes with a loyal customer base. Currently offering sandwiches, salads, entrees, etc, along with a large amount of catering. The business has a stable revenue base and enjoys a high profit margin. This is the perfect combination of turnkey with a ton of potential for new owners to put their own spin. Current owners are looking to retire and have cut back the hours over the years, new owners can expand this to include later hours, weekends and delivery, increasing revenue almost immediately. All equipment will be included in the sale, along with the business name, customer lists, and any inventory left at closing. There is a small building in the back, used for refrigeration and dry storage, a small parking lot used for employees. There is an existing agreement with the neighboring business to use their parking lot, plus on street. This perfect for a someone that has been looking to get into business for themselves, looking to expand their current business, or even an operating full-service restaurant wanting to offer a cafe/market style outlet. New lease to be negotiated, rent listed is estimate, current owner owns the building. Option to buy business and building see MLS#3793117
Exterior Features

Garage Description On-Street ParkingSee Remarks Location Business District Parking Driveway Description 2 Car WidthBlacktopDriveway-SharedOn-Street ParkingParking Lot-Exclusive Road Type City/Town Street

Interior Features

Available Sq Ft 1100 Basement Yes Basement Description FullSlabUnfinished Cooling 1 UnitCeiling FanCentral AirWall A/C Unit(S)Window A/C(S) Fuel Type Gas-Natural Number Of Lavatories 1

Property Features

Acceptable Financing BuyerCash Business Classification See Remarks Business Name Francesco's Documents Available Financial StatementsSee Remarks Existing Lease See RemarksSeller Owns Building Gross Operating Income 425000 Heating 1 UnitForced Hot Air Income Expense Source Owner Lease Amount Month 1800 Net Operating Income 170000 Ownership Type Sole Proprietorship Price Includes Business NameBusiness Phone NumbersCustomer ListGoodwillInventoryMachinerySignsTrade Fixtures/Equipment Primary Business Classification See Remarks Real Estate For Sale Yes - Listed Under Commercial Services Garbage Included Sewer Public Sewer Total Operating Expense 250000 Utilities ElectricGas In StreetGas-Natural Utility Amount 10000 Water Public Water

Listing information © 2022 Garden State Multiple Listing Service,LLC.
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Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or PORTERPLUS REALTY. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than PORTERPLUS REALTY are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-08-15T08:46:33.237.
 
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